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in oil as well. we are going to get an inventory report from the department of energy at 10:30. we already saw a report from the industry trade group, american petroleum institute showing builds across the board which may be a reason why we see wti prices under pressure. >> we want to redirect attention to knight capital shares up 19% this morning. let's call it 16%. at 8:20 we told you getco one of the owners of the company when knight had a huge trading glitch and lost all that value for shareholders and had to dilute itself to avoid bankruptcy, getco one of the investors. now they have made a bid for the company that's complicated. it would involve merging the two companies. and then buying or tendering for half of the company at 1.75 a share. if you're a knight shareholder, you get $1.75 in cash. you have a remaining share that involves getco and night that they value at 1.75. when we merge getco in we have a value of 3.50 a share. it's up to independent directors of knight to decide how to proceed here. as bob said as we've been saying, virtue another company controlled by the
news at energy and metals and go to sharon epperson at the nimax. >> many commodities on friday had the best performance in a month and we see a subdued marketplace and a pullback across the board here. we're looking at oil prices that are lower. the truce is holding between israel and hamas and that's something that's perhaps putting some pressure on prices. the cease-fire holding and the fact that we are looking at some weakness here in the euro and traders continue to eye what is happening there in the eurozone over the greek debt deal. we're also watching of course the protest that erupted over a three-day period in egypt and that could lend some support to the oil price going forward. we are watching metals market which is somewhat lower here. gold prices after the significant rally on friday seem to be in this range between 17.46 and 17.55. we're looking at copper prices and there's a lot ahead for this market to watch namely what's happening in china and pmi data coming out later in the week. the big story in commodities definitely the slide that we're seeing in natural gas d
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